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Himachal Pradesh Budget — 2021-22 vs 2020-21

Year-over-year budget comparison showing how Himachal Pradesh's fiscal priorities have changed

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Budget Growth — 2021-22 vs 2020-21

Total Expenditure

2021-22

Rs 48,500 crore

2020-21

Rs 43,000 crore

2021-22 is +12.8% higher
Total Receipts

2021-22

Rs 36,000 crore

2020-21

Rs 30,500 crore

2021-22 is +18.0% higher
Capital Expenditure

2021-22

Rs 7,500 crore

2020-21

Rs 6,200 crore

2021-22 is +21.0% higher
Tax Revenue

2021-22

Rs 12,200 crore

2020-21

Rs 9,800 crore

2021-22 is +24.5% higher
Fiscal Deficit (% GDP)

2021-22

5.9%

2020-21

7.4%

2021-22 is -20.3% lower
Interest Payments

2021-22

Rs 6,300 crore

2020-21

Rs 5,700 crore

2021-22 is +10.5% higher

Receipts & Expenditure — Year-over-Year Change

Particulars2021-222020-21Difference
Total ReceiptsRs 36,000 croreRs 30,500 crore+18.0%
Tax Revenue (Net)Rs 12,200 croreRs 9,800 crore+24.5%
Non-Tax RevenueRs 7,800 croreRs 6,500 crore+20.0%
Total ExpenditureRs 48,500 croreRs 43,000 crore+12.8%
Revenue ExpenditureRs 41,000 croreRs 36,800 crore+11.4%
Capital ExpenditureRs 7,500 croreRs 6,200 crore+21.0%
Interest PaymentsRs 6,300 croreRs 5,700 crore+10.5%
Fiscal DeficitRs 10,500 croreRs 11,500 crore-8.7%
Fiscal Deficit (% of GDP)5.9%7.4%—
Debt-to-GDP Ratio44.4%45.2%—

How Has Himachal Pradesh's Budget Changed from 2020-21 to 2021-22?

Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.

Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.

Explore the full 2021-22 budget analysis or view all available comparisons.

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